A brief summary of the market over the weekend

On Saturday, the market basically moved sideways with no volatility; volume contracted to an extreme, and the market was nearing the awkward state of having almost no one trading, with only liquidity market makers casually drawing candlesticks;
1. The biggest shock this year has been Web3 capital flowing fully into the US stock market, and doing so in a seamless outflow; although there has been no large-scale transfer of funds on-chain, tokenization of US stocks itself has lowered the barrier to trading them
2. DeFi infrastructure has advanced another level. To compete for new users and CEX users, DEXs are generally more willing to spend money creating hundredfold- and thousandfold meme coins, although 99.9% of them go to zero. Compared with CEXs, which have become increasingly regulated, DEXs have become the preferred venue for capital seeking to exploit others aggressively, as they have virtually no moral or legal constraints; consequently, most new users over the past two years have flowed to DEXs, forming a self-sustaining cycle of farming points, receiving airdrops, and selling them, shifting from opportunistic behavior in the early years to an industry-wide phenomenon over the past two years
3. The repeated volatility of the US-Iran conflict has made global capital highly risk-conscious. Coupled with the constant talk of interest-rate hikes, this has become a major obstacle for capital. It is not that the market lacks money; the market's risk-reward ratio simply determines where funds prefer to go
BTC support/resistance levels: 87550/85165/75475/78425/71500
At this moment, the core positions of the long orders at 76700 and below can be held with a break-even stop-loss; without a break-even stop-loss, hold them into next week;
ETH support/resistance levels: 2750//2525/2400/2225/2100
Enter according to BTC's rhythm;
The SUI long orders left over from Friday night can simply be held into next week
Trading advice: This is a moment of historically low liquidity. Although it carries risks, it is definitely an opportunity for people like us seeking to rise through the social ranks; amid the global environment of inflation worldwide and deflation in China, basically the whole world is struggling, and capital has therefore become timid; all signs indicate that global capital will most likely experience another major washout within two years! Protect your principal well, and when this happens, summon the courage to go all-in!
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